EMI Calculator
Work out the monthly payment on a home, car, or personal loan — plus how much of it is interest.
- Free, updates instantly as you type
- Shows total interest vs. principal
₹0 / month
Total interest
₹0
Total payment
₹0
Assumes a fixed interest rate for the full tenure and standard reducing-balance EMI. Your actual lender's terms, fees, and any rate changes may differ.
Frequently asked questions
How is EMI calculated?
EMI = P × r × (1 + r)n / ((1 + r)n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12), and n is the number of monthly installments.
Does this include processing fees or insurance?
No — this is the pure principal-and-interest EMI. Lenders often add processing fees, insurance, or other charges on top, which this doesn't account for.
What if my loan has a floating interest rate?
This calculator assumes the rate stays fixed for the entire tenure. With a floating-rate loan, your actual EMI (or tenure) will change if the rate moves.